Shanghai Dongzheng Automotive Finance : AMENDMENTS TO THE ARTICLES OF ASSOCIATION

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Shanghai Dongzheng Automotive Finance Co., Ltd.*

上 海 東 正 汽 車 金 融 股 份 有 限 公 司

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock code: 2718)

AMENDMENTS TO THE ARTICLES OF ASSOCIATION

Reference is made to the supplemental circular dated 12 December 2019 (the ''Supplemental Circular'') and the announcement dated 31 December 2019 of the Company relating to the proposed amendments to the Articles of Association. Unless the context otherwise requires, capitalised terms used herein shall have the same meanings as defined in the Supplemental Circular.

The Company has received CBIRC's approval of the amendments to the Articles of Association (the ''CBIRC Approval'') on 13 March 2020. Pursuant to the CBIRC Approval, CBIRC has approved the amendments to the Articles of Association on 10 March 2020. The amended Articles of Association took effect from the date of approval. Please refer to the websites of the Stock Exchange and the Company for full text of the amended Articles of Association.

By Order of the Board

Shanghai Dongzheng Automotive Finance Co., Ltd.*

Lin Fan

Chairman

Shanghai, PRC, 13 March 2020

As at the date of this announcement, the Board comprises Mr. Lin Fan and Mr. Shao Yongjun as executive Directors; Mr. Koh Tee Choong and Mr. Li Guozhou as non-executive Directors; and Mr. Wong Man Chung Francis, Mr. Lin Zheying and Ms. Liang Yanjun as independent non-executive Directors.

• for identification purposes only